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Social Gloves Entertainment Rumored To Be Filing Bankruptcy After Failing To Pay Fighters

Submitted by Anonymous (not verified) on Mon, 07/12/2021 - 21:50

Sportskeeda reports that Social Gloves Entertainment may be filing for bankruptcy after failing to pay the fighters from the most recent Youtubers vs. TikTokers amateur boxing match. The headlining fight featured family vlogger Austin McBroom vs. TikToker Bryce Hall. Several other famous Youtubers and TikTokers went head to head in the boxing ring. Fans could watch their favorite social media stars fight by purchasing it via pay-per-view.

TanaCon Organizer, Michael Weist, Files Chapter 7 Bankruptcy After Failed Convention

Submitted by Anonymous (not verified) on Wed, 06/30/2021 - 19:50

Yahoo! Entertainment reports that TanaCon organizer, Michael Weist, filed for bankruptcy after his company, Good Times Entertainment organized the failed social media convention.
What Is TanaCon?

The Taboo Of Bankruptcy Holds Americans Back From Financial Freedom

Submitted by Anonymous (not verified) on Wed, 06/23/2021 - 19:50

AP News reports that every year, only a fraction of Americans that need financial help file for bankruptcy. 14% of U.S households need financial help but only 1% of them file for bankruptcy. Many wonder why these households are not getting the financial help they need. Bankruptcy attorneys have a simple explanation: bankruptcy is a taboo subject.

Brooks Brothers’ Previous Owner Sued Over Bankruptcy

Submitted by Anonymous (not verified) on Tue, 06/22/2021 - 20:00

Reuters reports that the previous billionaire owners of Brooks Brothers are being sued for driving Brooks Brothers into the ground rather than selling it in order to avoid paying millions of dollars to one of their investors.
The investor, Tal Apparel, claims Claudio Del Vecchio and his son Mateo pressured Tal Apparel to invest $100 million and that Tal would be made whole if they later sold Brooks Brothers for less than $652 million.

Alamo Drafthouse Back After Successful Chapter 11 Bankruptcy

Submitted by Anonymous (not verified) on Mon, 06/21/2021 - 19:50

The Hollywood Reporter reports that just months after having to close two beloved locations, the Alamo Drafthouse has emerged from Chapter 11 bankruptcy and will be opening 5 new theaters within the next two years!
Back in March 2021, the Alamo Drafthouse had to file for bankruptcy. Just three months later, the chain now has plans to open several new theaters in Manhattan, Staten Island, D.C., Arlington, and St Louis.
From The Article:

How 7-Eleven Became Better Than Ever After Filing For Bankruptcy

Submitted by Anonymous (not verified) on Wed, 06/16/2021 - 19:50

CNBC reports on the growing success of the first convenience store, 7-Eleven.
The 90-year-old convenience store launched its first Evolution store, a bigger and better version of the everyday convenience store. The Evolution store features a growler station with craft beer and a taco restaurant, along with the normal everyday items that convenience stores carry.

Austin, Tx: Beware Of Rental Scams!

Submitted by Anonymous (not verified) on Wed, 06/09/2021 - 19:50

Austin (KXAN) reports that rental scams are on the rise in Austin, TX. Michelle Deloach is a victim of one of these rental scams. She states,

“We were so excited. It came with a dog door, a guest house and everything… Things in Austin go like that, so we thought, ‘We love this house, let’s jump on it.’ We sent over the deposit and the dog deposit and first months rent. It all added up to be $5,200.”

Sharks’ Evander Kane Says He Feels Relief Now That Bankruptcy Has Come To Light

Submitted by Anonymous (not verified) on Mon, 06/07/2021 - 19:50

Yahoo! Sports reports that Evander Kane, professional ice hockey left winger for the San Jose Sharks, says his bankruptcy coming to light brought him relief.
Kane spoke to reporters about how dealing with the bankruptcy has been very stressful, but about how it was a relief to not try and hide it anymore. He claims it was a big relief for him.
From The Article:

Bankruptcy Trustees Intend To Go After Tom Girardi’s Estranged Wife, Erika Jayne

Submitted by Anonymous (not verified) on Thu, 05/20/2021 - 19:50

Radar reports that bankruptcy trustees are now turning their attention towards Girardi’s estranged wife, Erika Jayne. “The Real Housewives Of Beverly Hills” reality star is being pursued because of allegations that she may have fraudulently received millions of dollars from Girardi.
From The Article:

The 20 Biggest Companies That Filed for Bankruptcy Amid The COVID-19 Pandemic

Submitted by Anonymous (not verified) on Mon, 05/10/2021 - 19:50

Businesses have been hit hard on account of the COVID-19 pandemic. While many people have had protection & help through stimulus checks, eviction moratoriums, and extended employment benefits, businesses- both large and small- have not had as much help.
Many businesses and corporations have filed for Chapter 11 bankruptcy amid the COVID-19 pandemic. Although worrisome, Chapter 11 bankruptcy does not mean a company completely stops operating, it just means they are struggling.

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